JMP Securities Reiterates "Market Outperform" Rating for LegalZoom.com (NASDAQ:LZ)

JMP Securities reissued their market outperform rating on shares of LegalZoom.com (NASDAQ:LZ - Free Report) in a research note released on Friday morning, Benzinga reports. They currently have a $14.00 target price on the stock.

LZ has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an overweight rating in a report on Friday, March 22nd. Raymond James began coverage on shares of LegalZoom.com in a report on Wednesday, March 27th. They set a market perform rating on the stock. Finally, Barclays lowered their target price on shares of LegalZoom.com from $17.00 to $15.00 and set an overweight rating on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $14.36.

LegalZoom.com Stock Down 2.1 %

Shares of LZ stock traded down $0.27 during trading on Friday, reaching $12.69. The company's stock had a trading volume of 914,120 shares, compared to its average volume of 1,222,961. The business has a fifty day moving average price of $12.23 and a 200-day moving average price of $11.32. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 158.64, a price-to-earnings-growth ratio of 4.42 and a beta of 1.23. LegalZoom.com has a one year low of $6.89 and a one year high of $15.68.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The business had revenue of $158.66 million for the quarter, compared to analyst estimates of $156.25 million. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. Research analysts anticipate that LegalZoom.com will post 0.3 EPS for the current year.

Insider Buying and Selling at LegalZoom.com

In other LegalZoom.com news, EVP Nicole Miller sold 24,557 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $9.75, for a total value of $239,430.75. Following the transaction, the executive vice president now directly owns 208,641 shares in the company, valued at $2,034,249.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director John Francis Murphy sold 10,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the director now owns 40,507 shares of the company's stock, valued at $505,122.29. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nicole Miller sold 24,557 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $9.75, for a total transaction of $239,430.75. Following the completion of the sale, the executive vice president now directly owns 208,641 shares of the company's stock, valued at approximately $2,034,249.75. The disclosure for this sale can be found here. Insiders have sold a total of 60,555 shares of company stock worth $664,688 over the last ninety days. Insiders own 44.60% of the company's stock.

Institutional Investors Weigh In On LegalZoom.com

A number of institutional investors have recently modified their holdings of the business. Technology Crossover Management IX Ltd. lifted its position in LegalZoom.com by 14.6% during the fourth quarter. Technology Crossover Management IX Ltd. now owns 16,396,313 shares of the company's stock worth $185,278,000 after purchasing an additional 2,094,240 shares during the period. Vanguard Group Inc. lifted its position in LegalZoom.com by 21.4% during the fourth quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company's stock worth $178,282,000 after purchasing an additional 2,777,206 shares during the period. BlackRock Inc. lifted its position in LegalZoom.com by 11.0% during the second quarter. BlackRock Inc. now owns 9,353,457 shares of the company's stock worth $112,990,000 after purchasing an additional 929,585 shares during the period. Hawk Ridge Capital Management LP lifted its position in LegalZoom.com by 2.4% during the fourth quarter. Hawk Ridge Capital Management LP now owns 5,734,353 shares of the company's stock worth $64,798,000 after purchasing an additional 135,517 shares during the period. Finally, Blair William & Co. IL lifted its position in LegalZoom.com by 166.0% during the third quarter. Blair William & Co. IL now owns 3,476,226 shares of the company's stock worth $38,030,000 after purchasing an additional 2,169,132 shares during the period. Institutional investors own 81.99% of the company's stock.

About LegalZoom.com

LegalZoom.com, Inc, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company's platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations.